Sell Alert: Sell BJ’s Wholesale Club For A 20% Gain
BJ’s stock price has rallied strongly in recent weeks, capped by a strong earnings report. However, an inflationary trend in cost of goods sold, freight and labor are hitting BJ’s gross margin. We think BJ’s will continue taking market share from higher-cost grocers. But, for the next few quarters, some shareholders may grow concerned about cost pressures. So, let’s take profits now.